Quilter (LON:QLT) Sets New 1-Year High – What’s Next?

Quilter plc (LON:QLT)’s share price reached a new 52-week high on Friday . The stock traded as high as GBX 204 and last traded at GBX 204, with a volume of 1052550 shares changing hands. The stock had previously closed at GBX 197.90.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on QLT shares. Citigroup increased their target price on Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Quilter from GBX 170 to GBX 175 and gave the company a “buy” rating in a research report on Thursday, March 5th. Royal Bank Of Canada upped their target price on shares of Quilter from GBX 220 to GBX 225 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. decreased their price target on shares of Quilter from GBX 212 to GBX 206 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Berenberg Bank boosted their price objective on shares of Quilter from GBX 190 to GBX 195 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 203.71.

Quilter Stock Performance

The stock has a market capitalization of £2.78 billion, a PE ratio of 23.60, a PEG ratio of 2.50 and a beta of 0.82. The business has a 50 day moving average price of GBX 188.80 and a 200 day moving average price of GBX 185.99. The company has a debt-to-equity ratio of 18.49, a current ratio of 3.92 and a quick ratio of 0.05.

Insider Buying and Selling

In other Quilter news, insider Steven Levin sold 679,997 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 177, for a total transaction of £1,203,594.69. Also, insider Andrew Ross bought 27,100 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of GBX 186 per share, with a total value of £50,406. 0.51% of the stock is currently owned by company insiders.

About Quilter

Quilter is a leading UK-focused full-service wealth manager, providing advice-led investment solutions and investment platform services to over 500,000 clients.

Its purpose is to create brighter financial futures for every generation.

Quilter strives to do this through supporting long-term advice-based relationships, delivering good investment management performance while maintaining consistently high-quality customer service.

It has leading positions in one of the world’s largest wealth markets, and its multi-channel distribution, award-winning platform and investment solutions are delivering attractive growth.